Newtown Renovations Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC484520

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		198,919		147,014

			198,919		147,014
CURRENT ASSETS
Stocks	5	155,000		84,167
Debtors	6	160,640		50,889
Cash at bank and in hand		43,329		225,274

		358,969		360,330
Creditors: Amounts Falling Due Within One Year	7	(208,356 )		(249,666 )

NET CURRENT ASSETS (LIABILITIES)			150,613		110,664

TOTAL ASSETS LESS CURRENT LIABILITIES			349,532		257,678

Creditors: Amounts Falling Due After More Than One Year	8		(216,513 )		(53,227 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,706 )		(18,926 )

NET ASSETS			115,313		185,525

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			115,311		185,523

SHAREHOLDERS' FUNDS			115,313		185,525

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Newtown Renovations Ltd

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jonathon Morrice

Director

11/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Newtown Renovations Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC484520 . The registered office is 36-38 Millhill, Musselburgh, EH21 7RJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	15% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 12)

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Newtown Renovations Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 October 2024	4,138	195,367	2,159	14,475	216,139
Additions	1,361	125,469	-	190	127,020
Disposals	-	(58,490 )	-	-	(58,490 )

As at 30 September 2025	5,499	262,346	2,159	14,665	284,669

Depreciation
As at 1 October 2024	1,353	57,432	1,254	9,086	69,125
Provided during the period	1,037	33,696	226	1,395	36,354
Disposals	-	(19,729 )	-	-	(19,729 )

As at 30 September 2025	2,390	71,399	1,480	10,481	85,750

Net Book Value
As at 30 September 2025	3,109	190,947	679	4,184	198,919

As at 1 October 2024	2,785	137,935	905	5,389	147,014

5. Stocks

	2025	2024
	£	£
Stock	55,000	10,000
Work in progress	100,000	74,167

	155,000	84,167

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	142,852	25,506
Other debtors	17,788	25,383

	160,640	50,889

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	32,186	25,848
Trade creditors	71,970	64,530
Bank loans and overdrafts	24,098	27,500
Other creditors	20,580	17,253
Taxation and social security	59,522	114,535

	208,356	249,666

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Newtown Renovations Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	106,062	41,769
Bank loans	110,451	11,458

	216,513	53,227

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	32,186	25,848
Later than one year and not later than five years	106,062	41,769

	138,248	67,617

	138,248	67,617

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

11. Related Party Transactions

The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.

12. Controlling Party

The company has no ultimate controlling party.

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